offering memorandum · coldwell banker commercial devonshire realty 201 w springfield ave. 11th...

COLDWELL BANKER COMMERCIAL DEVONSHIRE REALTY201 W Springfield Ave. 11th Floor, Champaign, IL 61820217-352-7712

© 2020 Coldwell Banker Real Estate LLC, Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC,Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Ownedand Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by ColdwellBanker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

2906 W. Clark St., Champaign, IL 61822

11,770 SF Flex Industrial Sale or Lease

ZACH WETHERELL, CCIMCBCDR Vice President, Illinois Licensed Real

Estate Broker

O: 217.403.3374

F: 217.352.5513

[email protected]

OFFERING MEMORANDUM



ADDRESS 2906 W. Clark, Champaign, IL 61822

SALE PRICE $645,000.00

LEASE PRICE $6.50/SF/NNN

TAX PIN 41-20-10-300-024

RE TAXES $16,978

LOT SIZE (ACRES) 0.58

BUILDING SIZE 11,770 SF

ZONING IN-1 Light Industrial

YEAR BUILT 1999

PARKING 18 Spaces

OFFICE SPACE +/- 5,770 SF

WAREHOUSE SPACE +/- 6,000 SF

LOT SIZE 0.58 AC

DRIVE-IN DOORS 2 (12’ W x 14’H)

CLEAR CEILING HEIGHT 20’

HVAC Forced Air Office Only

SPRINKLER Wet System

POWER 800 AMP, 120/208 V, 3-Phase

RAIL ACCESS No

HEATING WAREHOUSE Overhead Heaters-Gas

SERVER ROOM Yes

PROPERTY OVERVIEW

Property was constructed in 1999 using steel and masonry

construction. Building is equipped with a sprinkler system and

alarm system. Office space consists of reception area, large

conference rooms, large kitchen area, ADA restrooms, lab

space, server room, and multiple individual offices. Warehouse

has 20' clear height ceilings, overhead heaters and two

overhead doors (12'W x 14'H). Two separate electrical services

feed the building each with 3-phase, 400 amp, 120/208 volt

power for a combined 800 amp service. The warehouse space

is about 6,000 SF with the remaining balance as office space.

Parking lot is concrete with 18 parking spaces.

DISCLOSURE

Lot 20 Year Non-Compete Clause

Seller will convey tile to the Property or Buyer by a special or

limited warranty deed, subject to a restriction that for a period

of twenty (20) years following the conveyance, the Property

may not be used for the sale or distribution of agricultural

chemicals, seed, or fertilizer.

PROPERTY INFORMATION

PROPERTY OVERVIEW



AREA OVERVIEW

AREA OVERVIEWProperty is located in west Champaign in HOW Business Park off of Duncan Avenue and north of Springfield Avenue. Area was developed as a light industrial park consisting mainly of contractors, businesses in the trades, and service industry. Caterpillar has the largest building in the park. Most buildings in the park consist of metal buildings with decretive facades. Location has easy access to Interstates 57/72/74.

POPULATION 3-MILES 5-MILES 10-MILES

2010 Population (Census) 44,343 106,409 163,711

2018 Population 47,399 115,221 176,281

2023 Population (Projected) 49,257 120,752 184,380

HOUSEHOLDS 3-MILES 5-MILES 10-MILES

2010 Households (Census) 2,040 41,465 66,020

2018 Households 2,320 45,337 71,465

2023 Households

(Projected)

2,466 47,827 75,026

INCOME 3-MILES 5-MILES 10-MILES

2018 Median HH Income $63,069 $41,278 $46,225

2018 Per Capita Income $37,432 $27,937 $29,937

DEMOGRAPHICS



AERIAL



FLOOR PLAN



PLAT MAP



PICTURES



• 800 Amp Service

• Large Overhead Doors

• 20’ Clear Height

• Lab Space

• Server Room

PROPERTY HIGHLIGHTS

CONTACT

ZACH WETHERELL, CCIMVice President, Illinois Licensed Real Estate

Broker

O: 217.403.3374

F: 217.352.5513

[email protected]

CBCDR MAIN OFFICE

201 W. Springfield Ave., 11th Floor

Champaign, IL 61820

CBCDR.COM

offering memorandum · coldwell banker commercial devonshire realty 201 w springfield ave. 11th...

Documents